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28 Vinaja
reduces poverty. Money from selling their wares has given villagers the means to
build new houses and workshops (Richman, 1999).
Mexico
For Mexico and other Latin American countries, tourism is of great economical
impact; therefore, a large number of web sites are dedicated to support,
promote national and international tourism. For any developing country electronic
commerce is a great way to enter into foreign markets and compete in the rapidly
growing global economy. In the case of Mexico, the recent implementation of
NAFTA has led them to acquire some of the technological advancements from the
U.S. and Canada. This includes electronic commerce applications. According to
John F. Smith, the Chief Executive Officer and President of General Motors
Corporation, global communication links also make transportation faster and less
expensive than anybody would have imagined just a few years ago, which makes
it much simpler to conduct business. The benefits that electronic commerce brings
to Mexico are much the same as those in other countries, but since Mexico is a
developing country, it provides them even greater benefits. Electronic commerce
reduces inventory and overhead. In addition, distributors are able to customize the
products and services to better fit the needs of consumers, suppliers, and
employees. Mexican consumers are also enjoying access to services and products
manufactured in foreign countries that were not accessible to them before. Many
Mexican nationals are now earning college credits from foreign universities who
offer on-line courses while at the comfort of their homes. Countries like Mexico are
coming along quickly and taking advantage of the benefits of electronic commerce.
Sri Lanka
Electronic commerce has opened many doors for the society in Sri Lanka; one
of the most important is an increase of their productivity and competitiveness in
international trade. Sri Lanka’s economy is based on exports of tea, textiles,
agricultural produce, graphite and manufacturing goods. At the beginning of 1997
and 1998, when Sri Lanka started to develop IT, “the electronic commerce trend
was about scoring hits at websites and selling products at very low prices, not taking
into consideration that selling at a loss doesn’t translate into profits” (Sri Lanka
Telecom, 2001a). Also to develop a better communication within the supply chain,
Sri Lanka formed a National EDI Committee in 1995 to provide network services
so businesses can improve computer-to-computer direct transfer of standard
business documents. A great example of this technology innovation is the Commercial
Bank. The strategy of this bank is to expand their retail presence by offering
ATMs and anywhere, anytime banking”. The major benefit from this initiative is that
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